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Ultra-Expensive Condos Sell in Chicago’s Hottest Buildings in October

If you look at sales volume, Chicago condo sales were basically flat in October from the month previous, totaling $51 million. But what’s really noteworthy from last month’s condo sales are the ultra-luxury properties—of the 31 properties that sold, 9 sold in excess of $2 million. Not to mention, these sales were found in five of the most sought-after buildings in the city.

What makes a building stand apart from the rest? Buildings like those found in last month’s sales tend to well, have it all. Location. Views. Newness (in terms of construction, compared to other condos on the market). Many luxury condo buildings also carry architectural significance, and three of the buildings on this list—2550 Lakeview, 840 Lake Shore Drive and 270 Pearson—were designed by Lucien Lagrange, the beloved Chicago architect whose name is behind some of the city’s finest buildings.

Not only do the buildings themselves have plenty to offer, but the condos within them must stand apart as well, whether that’s via a great floor plan, incredible views, outdoor space or other upscale features. Last month’s most expensive condos sold each have their own set of distinguishing features—here’s a closer look at the top five in descending order.

30 W Oak St, Unit 12B Original list price: $4.1 millionSold price: $4 million
Inside a popular building in downtown Chicago, this 3,349 square foot, three bedroom unit was custom designed to showcase the luxury that is felt the moment you lay eyes on the building. The building is an stunning combo of contemporary design (with an elegant curved glass façade that offers spectacular city views) and elegant Gold Coast living (with features like 10-foot ceilings, floor-to-ceiling glass windows and expansive terraces). Building amenities include state-of-the-art fitness facilities, separate storage rooms and an interior heated garage.

2550 N Lakeview Ave, Unit C7-34 Original list price: $2.895 millionSold price: $2.75 million
This condo in one of the city’s hottest buildings has plenty to offer indoors and out. Outside, find 2 terraces totaling 84 square feet that look out to amazing east lake and park views. Inside, 2,884 square feet include a fully appointed cooks’ kitchen with top-of-the-line appliances, oak floors, floor-to-ceiling windows and a large master suite with marble spa bath. The building (designed by famed Chicago architect Lucien Lagrange) includes incredible amenities like an indoor pool, fitness center, dog park and more.

840 N Lake Shore Drive Original list price: $2.75 millionSold price: $2.6 million
Lake Shore Drive is an address that’s no stranger to our top monthly sales report, and for good reason. Chicago condos along this stretch of LSD offer incredible lake views, a great location not far from downtown and a number of architecturally significant buildings from architects like Mies van der Rohe and the aforementioned Lagrange. This one was designed by the latter, and has become one of Chicago’s finest buildings. Just shy of 3,000 square feet, this condo was custom designed from a raw space into an elegant home made for the most discerning buyer. Stunning details are found throughout, from the finest finishes to a space made for entertaining.

270 E Pearson St, Unit 1001 Original list price: $2.49 millionSold price: $2.39 million
A unit inside this downtown Chicago condo building rarely becomes available, which tells you a lot about the building it’s in. This sun-filled Chicago condo spans nearly 3,000 square feet, with spectacular views to the south and east that provide a stunning backdrop of Lake Michigan, Millennium Park, Navy Pier and the city skyline. Each of the unit’s 3 bedrooms includes an ensuite bath, plus a den with built-in cabinets, powder room, beautiful open kitchen with large granite island, a spacious living room with fireplace and a large balcony. You’ll also find beautiful details like gleaming hardwood floors, crown molding and high ceilings. Plus, one highly sought-after bonus: 2 included parking spaces.

340 E Randolph St East, Unit 2101 Original list price: $2.49 millionSold price: $2.375 million
This 2,300+ square foot 3-bedroom is one of the building’s most coveted floorplans, with stunning south view of the lake and harbor, Millennium Park and Buckingham Fountain. The unit includes everything from contemporary finishes to a spacious kitchen to an open floor plan, all just steps away from the best downtown Chicago has to offer. Cultural hot spots, Michigan Avenue and a bevy of great restaurants are all within walking distance.

Consider last month’s Chicago condo sales when you’re embarking on your own search for Chicago real estate. Doing so will help you prepare for what features and amenities come at what price and line that up with your wish list and expectations for your next home.

For more information on last month’s Chicago condo sales or to see what’s on the market now, don’t hesitate to contact me at (312) 498-5080 or email me at ssalnick@dreamtown.com.

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ABOUT SHELDON

Sheldon arrived at Dream Town with more than 25 successful years in Chicago real estate. With a focus on luxury properties, Sheldon has sold condominiums, lofts and single family homes ranging from $1 to $5 million, many built by Chicago’s most prestigious developers and architects ... Read more